Amalgamated Bank Bonus, Get $250 with New Checking Account
It has been over six years since Amalgamated Bank offered a bonus for new account. But they’re now back with a $250 offer for checking accounts. While Amalgamated Bank branches are in select areas only, the bonus is available nationwide. Check out the details of this $250 Amalgamated Bank bonus below.
Offer
Open a new interest-bearing checking account (up to 0.70% APY) and receive a $250 bonus. Here’s how the promotion works:
- Open a new Online Checking account between December 6, 2022 and January 31, 2023
- Fund your new Online Checking account with external funds
- Enroll in Amalgamated Online Banking
- Make direct deposits of at least $500 for two consecutive months by April 30, 2023
- Cash incentives will be paid on or before June 30, 2023, once all account requirements have been met
The value of the bonus may have to be reported to the IRS. Consult with your tax advisor for tax advice.
Eligibility
- Available nationwide.
- This Online Checking promotion is available to anyone who has had no prior checking account relationship with Amalgamated Bank within the last 90 days.
- Offer is limited to one per customer and is only valid for accounts in good standing.
- Offer available online only.
Fees
- Online Checking has no monthly maintenance fee.
- There’s no early closing fee
Guru’s Wrap-Up
You can earn a bonus of $250 if you open a new Online Checking account with Amalgamated Bank. To get the bonus you just need to open a new account, enroll in Amalgamated Online Banking, and make direct deposits of at least $500 for two consecutive months. Cash incentives will be paid on or before June 30, 2023. So you would need to keep the account open for about six months, unless bonus is paid out earlier.
It’s been a long time since Amalgamated Bank offered a bonus, so if you have recent data points on what counts as direct deposit, please post them in the comments here.
If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
Bonus Details
- OFFER PAGE
- Account Type: Checking
- Availability: Nationwide
- Inquiry Type: Soft pull
- Credit Card Funding: Up to $500
- Direct Deposit Requirement: $500
- Other Requirements: 50 debit transactions
- Monthly Fees: $9.99 (can be waived)
- Closing Account Fee: None
- Expiration Date: 1/31/23
HT: Doctor of Credit
Found a great Bank Offer? Let us know!